Deere & Company (NYSE:DE) Price Target Raised to $625.00

Deere & Company (NYSE:DE) had its target price hoisted by JPMorgan Chase & Co. from $585.00 to $625.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

DE has been the subject of several other research reports. Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $640.00 to $800.00 in a research report on Monday, August 31st. Nomura raised shares of Deere & Company to a “buy” rating in a research report on Monday, August 31st. Raymond James Financial increased their price target on Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Barclays raised their price objective on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Finally, Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $688.10.

Deere & Company Trading Down 4.7%

Shares of DE opened at $621.66 on Thursday. Deere & Company has a twelve month low of $433.00 and a twelve month high of $721.22. The firm has a market capitalization of $167.61 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 2.27 and a beta of 0.86. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The stock’s fifty day simple moving average is $654.99 and its 200 day simple moving average is $609.41.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.75 EPS. On average, equities research analysts forecast that Deere & Company will post 18.12 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company’s payout ratio is presently 36.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DE. BlackRock Inc. bought a new stake in shares of Deere & Company during the 2nd quarter valued at about $11,763,504,000. Bank of America Corp DE acquired a new position in Deere & Company in the second quarter valued at approximately $1,685,093,000. Bank of New York Mellon Corp bought a new position in shares of Deere & Company during the second quarter valued at approximately $1,259,279,000. Legal & General Group Plc bought a new position in shares of Deere & Company during the second quarter valued at approximately $957,456,000. Finally, Wellington Management Group LLP grew its holdings in shares of Deere & Company by 84.3% during the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock valued at $1,959,209,000 after purchasing an additional 1,412,694 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

More Deere & Company News

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere announced a collaboration with Yamaha Motor to develop next-generation utility and recreational Side-by-Side vehicles. The partnership could broaden Deere’s off-road product lineup and create longer-term growth opportunities beyond traditional farm equipment. Deere Expands Into Side By Sides As Federal Scrutiny Builds
• Positive Sentiment: Evercore ISI upgraded Deere to Outperform and assigned an $813 price target, signaling confidence in the company’s long-term earnings potential. Evercore ISI Upgrades Deere Company
• Neutral Sentiment: JPMorgan raised its price target to $625 but maintained a Neutral rating, implying limited near-term upside and reflecting a cautious view of Deere’s valuation and operating outlook. JPMorgan Raises Deere Price Target
• Negative Sentiment: The Federal Trade Commission and U.S. Department of Agriculture opened a public inquiry into agricultural-equipment manufacturing and distribution practices, including potential anticompetitive conduct and repair-access issues. The investigation places additional regulatory risk on Deere following its right-to-repair settlement. Deere Shares Fall as Federal Inquiry Adds to Demand Concerns
• Negative Sentiment: Farm-equipment stocks weakened broadly as crop prices deteriorated and investors anticipated softer demand for large agricultural machinery. Deere has already indicated that U.S. and Canadian large-equipment demand may be weaker than in 2025, increasing sensitivity to additional headwinds. Farm Equipment Stocks Fall on Regulatory Probe and Falling Crop Prices
• Negative Sentiment: Reported insider activity showed sales without purchases over the past six months. While not necessarily a fundamental signal, the activity may add to investor caution during a period of regulatory and demand uncertainty. Deere Insider Trading Activity

About Deere & Company

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.